Plan Snapshot
- Plan Sponsor: Basic Commerce & Industries, INC.
- Sponsor EIN: 222415188
- Sponsor Address: 303 HARPER DRIVE, MOORESTOWN, NJ, 08057
- Plan Type: 401(k)
- Total Participants: 181
- Total Assets: $61.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 181 | $61.8M | $1.4M | $2.1M |
| 2023 | 174 | $54.5M | $1.4M | $1.9M |
| 2022 | 199 | $47.7M | $1.3M | $1.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| MORGAN STANLEY | SERVICE PROVIDER | $126,246 | — | $126,246 |
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $44,328 | — | $44,328 |
| VOYA RETIREMENTT ADVISORS, LLC | SERVICE PROVIDER | $19,338 | — | $19,338 |
| MERCADIEN, P.C., CPA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — SERVICE PROVIDER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $189,912
- Estimated Expense Ratio: 0.308% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $189,912 | $186,012 | $3,300 | — | — |
| 2023 | $182,447 | $146,640 | $4,000 | — | — |
| 2022 | $177,119 | — | — | — | — |